The stock extended gains and touched a high of Rs 107 - up 5%. It finally ended flat at Rs 102. The stock is down 16% from its 52 week high of Rs 122, but has surged 240% from its 52-week low of Rs 30.
The counter witnessed comparatively hefty trade volumes of 456,884 shares as against its two-week daily trade average of 289,531 shares on the BSE.
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(Updated at 1052 hrs)
Triveni Engineering and Industries has gained in early morning trades after registering a jump in net profit for the quarter ended June 2009.
The stock today opened at Rs 103, touched a low of Rs 102.65 and a high of Rs 106. The scrip is now trading at Rs 105, up 3% from the previous close. The counter witnessed trades of 161,525 shares and the stock has soared 17% in a week.
The company has recorded a 62% leap in its net profit for the quarter ended June 30 to Rs 39.8 crore as compared Rs 24.60 crore in the corresponding quarter last year.
